The Money ShowHow I Make My Money: How auctions are finding a new market in SA’s townships
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If you love listening to the entire show subscribe to the podcast. For the big features, you can subscribe to them directly. If you are looking for a …Africa Melane speaks to Tsitso Setai, founder of Lokshin Auctions, a business focused on bringing the formal auction model into South Africa’s township economies. Historically concentrated in urban commercial centres, the formal auction industry has largely overlooked townships despite the vibrant trade in second-hand goods already taking place there. Through community-based auctions, the company facilitates the sale of second-hand goods, repossessed assets, and surplus equipment, creating a platform where individuals and small businesses can access affordable items and generate income from unused assets.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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